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1.

Unaccounted
variances

2. Inaccuracy of data
encoded in the
database

3. Errors on the
inventory count sheets
4. One item having
two different item
codes

5. Use of one item


code for items with
large difference in
price due to its
purpose
6. Incorrect item code
used as compared to
actual material
counted

7. Standardization of
unit of measurement
8. Inclusion of item on
the count sheet that is
already not fit for use
9. No inventory tag on
items for safekeeping,
subject for disposal
and owner supplied
materials

10. Already issued


item but not yet
pulled-out
1. Unaccounted variances
2. Inaccuracy of data encoded in the database
3. Errors on the inventory count sheets
4. One item having two different item codes
5. Use of one item code for items with large difference in price due to its purpose
6. Incorrect item code used as compared to actual material counted
7. Standardization of unit of measurement
8. Inclusion of item on the count sheet that is already not fit for use
9. No inventory tag on items for safekeeping, subject for disposal and owner supplied materials
10. Already issued item but not yet pulled-out
11. No monitoring for free items in Bacolor Warehouse
12. Mingling of inventory of affiliate company
13. Recomputation of WAC for Deformed Round Bars
14. Common reasons of 2019 inventory variance
15. Late/ partial posting of CMTIVs
16. Incorrect/ no Unit of Measurement
17. Incorrect/ no inventory tag – consumables
18. Improper stocking/ material handling
19. Unadjusted inventory year-end balances
20. Incomplete CMTIV details
21. Unsafe/ unclean area of inventories (MWE)
22. Incomplete items with set
23. Items with old/ no item code
24. Roll forward transactions not found in the count sheet. no WAC assigned initially (VIPGH)
25. Inconsistency on item codes
26. Inconsistency on Weighted Average Cost (WAC)
27. Mixed items: issued and unissued (NSB North)
28. Items that are not identical but tagged as one
29. Quantity received different in the conversion as indicated in the purchase order (formworks dept.)
30. Error in recording during transfer of items
31. Disorganized arrangement of items in the count sheet aquatic center and formworks
32. Inconsistency in actual quantity transferred and the remaining imis balance - VIPGH
33. Inaccurate recording of item description in the count sheet
34. Items not recorded in the system
35. Difference in computation of WMD and IAD WAC
 ACCOUNTING’S COMPARISON OF BEGINNING AND ENDING
JMJ JTC WHD CONTENTS

combined ok
PGDC
combined A,B, D A,B,C,D
PGDC
PGDC
PGDC
PGDC 2nd AO
PGDC
PGDC
HCC 2nd AO
HCC ok
PGDC
HCC ok
PGDC
HCC OK 2nd AO OTHER PROJECT SITES
HCC OK PENDING
OTHER ASSIGNMENT
PROJECT SITES
HCC OK 1st AO PENDING
OTHER ASSIGNMENT
PROJECT SITES
HCC OK 1st AO PENDING ASSIGNMENT
HCC OK
HCC OK
HCC OK
HCC OK OTHER PROJECT SITES
HCC OK OK PENDING ASSIGNMENT
HCC OK
HCC OK
HCC OK
HCC OK
HCC OK
HCC OK
HCC OK ruby
HCC OK
HCC OK clinton
HCC OK ruby
HCC OK ruby/CLINTON
HCC
combined OK